Rightmove (LON:RMV) Reaches New 12-Month Low - Here's Why

Key Points

• Rightmove hit a new 52‑week low, trading as low as GBX 391.40 and last at GBX 422.90 on heavy volume, sitting below both its 50‑day (GBX 447.82) and 200‑day (GBX 545.33) moving averages.
• Analyst outlook is mixed: JPMorgan cut its price target to GBX 489 and set an “underweight” rating, while the consensus across six analysts is a “Hold” with an average target of GBX 702.33.
• Solid profitability and insider buying: Rightmove reported strong metrics (quarterly EPS GBX 29.10, net margin 51.06%, ROE 264.68%, P/E 16.2, market cap £3.2bn) and two insiders purchased shares in March at ~GBX 457–461.

Rightmove plc (LON:RMV - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 391.40 and last traded at GBX 422.90, with a volume of 6032246 shares. The stock had previously closed at GBX 428.90.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their price target on Rightmove from GBX 521 to GBX 489 and set an "underweight" rating on the stock in a report on Thursday, March 19th. Four equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Rightmove has an average rating of "Hold" and an average price target of GBX 702.33.

Rightmove Stock Down 0.4%

The stock's fifty day moving average price is GBX 447.82 and its 200 day moving average price is GBX 545.33. The company has a current ratio of 1.89, a quick ratio of 2.55 and a debt-to-equity ratio of 13.13. The stock has a market cap of £3.20 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 2.58 and a beta of 0.99.

Rightmove (LON:RMV - Get Free Report) last posted its quarterly earnings data on Friday, February 27th. The company reported GBX 29.10 earnings per share (EPS) for the quarter. Rightmove had a net margin of 51.06% and a return on equity of 264.68%. As a group, research analysts forecast that Rightmove plc will post 30.2327791 earnings per share for the current fiscal year.

Insider Transactions at Rightmove

In other news, insider Ruaridh Hook acquired 2,077 shares of Rightmove stock in a transaction dated Thursday, March 12th. The shares were purchased at an average cost of GBX 457 per share, for a total transaction of £9,491.89. Also, insider Johan Svanström acquired 4,328 shares of Rightmove stock in a transaction dated Thursday, March 12th. The shares were purchased at an average price of GBX 461 per share, for a total transaction of £19,952.08. Company insiders own 0.37% of the company's stock.

Rightmove Company Profile

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms. The segment also offers tenant references and rent guarantee insurance services to landlords. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.

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